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Aeon, WCT shares remain unchanged despite suit

Aeon, WCT shares remain unchanged despite suit

PETALING JAYA: Shares of Aeon Co (M) Bhd and WCT Holdings Bhd remained unchanged this morning despite news of the former filing a suit against the latter’s unit, Gemilang Waras Sdn Bhd. At 11.19am, Aeon’s share price stood at RM2 with a total of 24,500 shares traded while WCT’s share price stood at RM1.68 with […]

November 10, 2017 | By | Reply More
SP Setia shares remain unchanged despite jump in Q3 earnings

SP Setia shares remain unchanged despite jump in Q3 earnings

PETALING JAYA: SP Setia Bhd’s share price remained unchanged this morning despite announcing an 88.88% jump in its earnings for the third quarter ended Sept 30, 2017. At 11.21am, its share price stood at RM3.30 with a total of 1.55 million shares traded. The stock closed unchanged at RM3.30 yesterday with a total of 538,100 […]

November 10, 2017 | By | Reply More
Sapura Energy shares down on Mokhzani's exit

Sapura Energy shares down on Mokhzani's exit

PETALING JAYA: Sapura Energy Bhd’s shares fell 0.69% this morning on news of Tan Sri Mokhzani Mahathir’s exit from the oil and gas firm. At 11.23am, its share price fell 0.69% or 1 sen to RM1.45 with a total of 2.39 million shares traded. The stock fell 1.35% or 2 sen to close at RM1.46 […]

November 10, 2017 | By | Reply More
Ringgit extends gains to open higher against US dollar

Ringgit extends gains to open higher against US dollar

KUALA LUMPUR: The ringgit extended yesterday’s gains to continue its strong upward momentum against the US dollar for the fourth consecutive day this week, reflecting the decision by Bank Negara Malaysia to leave key interest rates unchanged. At 9.05am, the local unit traded 160 basis points better at 4.1890/1920 against the greenback from 4.2050/2080 on […]

November 10, 2017 | By | Reply More
Bursa Malaysia opens lower

Bursa Malaysia opens lower

KUALA LUMPUR: Bursa Malaysia opened lower today on lack of buying support for local stocks coupled with the weaker overnight performance on Wall Street due to uncertainties over US tax reforms. At 9.05am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 0.42 of-a-point lower at 1,746.39 from yesterday’s close of 1,746.81. The key index […]

November 10, 2017 | By | Reply More
Arc @ Cyberjaya owners win suit against developer

Arc @ Cyberjaya owners win suit against developer

SHAH ALAM: The Shah Alam High Court has ruled in favour of a class-action lawsuit representing 137 unit owners of serviced apartment project The Arc @ Cyberjaya seeking the return of outstanding rentals against its developer Maju Puncakbumi Sdn Bhd. Judge Datuk Roslan Abu Bakar delivered the decision in chambers today. The court awarded the […]

November 9, 2017 | By | Reply More
SP Setia’s third quarter earnings jump 88.88%

SP Setia’s third quarter earnings jump 88.88%

PETALING JAYA: SP Setia Bhd’s net profit for the third quarter ended Sept 30, 2017 jumped 88.88% to RM253.22 million from RM134.07 million a year ago mainly due to contribution from Phase 1 of the Battersea Power Station project. In a filing with Bursa Malaysia today the group said the project in London contributed an […]

November 9, 2017 | By | Reply More
Mokhzani exits Sapura Energy

Mokhzani exits Sapura Energy

PETALING JAYA: Tan Sri Mokhzani Mahathir has sold 384.97 million shares in Sapura Energy Bhd, marking his exit from the oil and gas firm, some five years after the merger of Kencana Petroleum Bhd and Sapuracrest Petroleum Bhd. A filing with Bursa Malaysia showed that the ordinary shares of RM1 each, which were held by […]

November 9, 2017 | By | Reply More
Sunzen aborts business plan after due diligence issues in Ecolite

Sunzen aborts business plan after due diligence issues in Ecolite

PETALING JAYA: Sunzen Biotech Bhd aborted plans to buy a 70% interest in Ecolite Biotech Manufacturing Sdn Bhd for RM12 million on issues arising from due diligence conducted on Ecolite and its subsidiaries. In a filing with Bursa Malaysia Sunzen said it was clarifying an announcement made on Nov 7, 2017 stating it does not […]

November 9, 2017 | By | Reply More
SCH ends one of three MoUs

SCH ends one of three MoUs

PETALING JAYA: SCH Group Bhd has terminated its memorandum of understanding (MoU) with Dataran 888 Sdn Bhd in relation to the collaboration on the excavation, removal, distribution and sale of quarry sand and other related deposits from flood mitigation ponds located in Kuala Lumpur. SCH had in May entered into three separate MoUs with Sewara […]

November 9, 2017 | By | Reply More